Paytm may introduce facial recognition for its mobile app

According to a report in The Economic Times which cited senior Paytm executives, the Vijay Shekhar Sharma-led company is looking to let users unlock the Paytm app merely by looking at their phones and subsequently facilitate transactions. The feature has already been tested among Paytm employees.

The biometric-based authentication tool is being seen as a way to boost the security of the app and safeguard against phishing attacks, where fraudsters steal personal details of customers.

The firm plans to extend this feature for payments at merchant outlets as well, the report added.

The testing is currently taking place on Android and may be rolled out soon via an app update.